MANILA – A local renewable energy firm has bagged contracts from the government to put up a number of hydro projects in Palawan and Lanao del Sur.
The Department of Energy (DOE) recently signed 15 renewable energy service contracts with AQA Global Power Inc.
The contracts entail the development of hydro power projects in the said provinces with a total power generating capacity of 288 megawatts (MW).
“[Two] of the largest projects are located in Lanao del Sur, namely the 50 MW Lake Dapao and the 50 MW Maitling River,” the department said.
Since the passage of the Renewable Energy Act of 2008, the DOE has awarded 649 renewable energy projects with a potential capacity 10,683.096 MW. Most of the awarded projects are hydro-based with a potential capacity of 6,158 MW.
Under the National Renewable Energy Plan, the government targets to triple the country’s renewable energy generating capacity of 5,438 MW to 15,304 MW by 2030.
Read more: http://www.interaksyon.com/business/96483/local-firm-to-develop-15-hydro-projects-in-palawan-and-lanao-del-sur